A new report says House Speaker Nancy Pelosi’s son is linked to companies run by criminals that were on the verge of making several mistakes with the law.
While Paul Pelosi Jr. has never been charged with crimes, a new report from the Daily Mail indicates that he has relationships or work with at least five companies that have been investigated by federal prosecutors for various fraud and fraud schemes.
Shortly after his mother took over as Speaker of the House in 2007, Pelosi Jr. took a six-figure position at InfoUSA. The company was run by Vinod Gupta, a prominent Democratic donor who was under investigation for allegedly selling consumer data to criminals who used it to deceive vulnerable groups such as the elderly. Although the Iowa attorney general indicated that InfoUSA employees knew they were selling the alleged scammers, no charges were brought against Gupta or his company.
Two years later, Pelosi Jr. took over the presidency of Natural Blue Resources, an environmental company, after convicted fraudsters James Cohen and Joseph Corazi recruited him so they could “profit personally from the company without disclosing their past disagreements with the law to investors.”
In Hunter Biden-esque fashion, Pelosi Jr. became the vice president of biofuels company FOGFuels in 2013, just one month after the Securities and Exchange Commission filed charges against FOGFuels and its founder Paul Marshall. According to the Daily Mail, Pelosi Jr. “left FOGFuels out of his LinkedIn resume altogether.”
In 2014, he became the independent director of Targeted Medical Pharma, leaving the company after seven months. Shortly thereafter, the company was accused of conducting unauthorized trials by the Food and Drug Administration. The company was eventually acquitted of any wrongdoing.
In late 2014, Pelosi Jr. became the director of business development for a “transparency” nonprofit called the Corporate Governance Initiative. He later became the CEO. During his time at CGI, Pelosi Jr. was approached by alleged fraudster Asa Saint Clair who was reported to have carried out a cryptocurrency fraud through his United Nations charity, the World Sports Alliance. Pelosi Jr. and St. Clair had previously publicly endorsed each other’s efforts. Claire even described Pelosi Jr. as “a longtime partner, both business and personal.”
In 2016, Pelosi Jr. joined lithium mining company Oroplata Resources one month after the company was accused of issuing fraudulent stock. Pelosi allegedly received at least 2.8 million shares.
Pelosi Jr. has never been charged with crimes related to these cases, but what has been revealed raises questions about his ties to criminal activity and his family’s financial dealings.
Pelosi and her husband, Paul Pelosi, a San Francisco real estate investment mogul, have pumped tons of money into the stock market and profited from millions of stocks largely stacked in stocks of big tech companies like Alphabet, the parent company of Google. According to disclosure forms collected in the House of Representatives, Pelosi reported owning shares in Microsoft, Roblox, and Netflix, and recently sold shares of Facebook and Apple.
The spokesperson has been accused of stock trading using inside information in the past.
Former US House of Representatives Speaker Nancy Pelosi (Democrat from San Francisco) and her husband have participated in at least eight initial public offerings. One of those came in 2008, from Visa, just as annoying legislation that would have hurt credit card companies began making its way through the House of Representatives, “60 Minutes” on CBS News. “Unperturbed by a potential conflict of interest, Pelosis bought 5,000 shares of Visa at the initial price of $44. Two days later, it was trading at $64. Credit card legislation never made it to the floor of the House.”
Jordan Boyd is a writer for The Federalist and co-producer of The Federalist Radio Hour. Her work has also appeared in The Daily Wire and Fox News. Jordan graduated from Baylor University with a major in political science and majoring in journalism. Follow her on Twitter @jordangdavidson.